8 lots of 1,000 CK gold each -> 2014-11-27, 21:00 GMT

[rpietila]

A new one coming right away!

cheap gold!

Let's see if it still gets cheaper.. 0.10 was the intended floor price from where the game would start from nothing.. 

This is an ingame item. Please read the game thread OP.

As part of the HM The King's gold sales, mandated by the rules, 10 lots of 1,000 units of CK gold each, will be offered for auction.

This auction is #8 of the 11 planned.

The bids are to be given in the following format: "quantity @ price (XMR)". For example "2,000 @ 0.15".

The minimum bid is 0.08. No more than 2 decimals.

Auction #1 closed at 0.26 (10,000 gold sold).
Auction #2 closed at 0.23 (11,000 gold sold).
Auction #3 closed at 0.23 (16,000 gold sold).
Auction #4 closed at 0.19 (10,000 gold sold).
Auction #5 closed at 0.15 (3,000 gold sold).
Auction #6 closed at 0.12 (13,000 gold sold).
Auction #7 closed at 0.10 (14,000 gold sold).

Higher bid wins over lower one, earlier bid wins over later one, and all winners pay the same amount per lot (the price of the highest non-winning bid).

It is possible that the King or existing goldholders add more gold for sale to this auction. Should this happen, some of the bids that have already dropped below the winline may be raised back above the winline. It is therefore possible to cancel bids IFF you make a higher bid for the same or higher amount. The possible canceling of the lower bid must be done simultaneously with the placing of the higher bid. (If anyone is interesting in selling their gold, 10% commission applies, PM me.)

The right to participate in the auction is limited as follows:
- if it is not legal for you to do so, cannot participate
- negative trust rating, cannot participate
- Full Members or lower, limited to 1 lot
- Senior Members or higher, or existing players of the game, limited to all lots.

The winners who are already not characters, will be created characters in the game after they pay for the gold and supply the character stats (age, sex, nick).

Auction closes 9 pm GMT Monday, BCT server time, or 3 minutes after the last winning bid (in case a winning bid was submitted during the last 3 minutes, the auction lasts as long as there are no new winning bids submitted in 3 minutes since the previous one).

Gold bought in this auction must be paid in 24 hours after receiving the payment instructions in monero (XMR). The payment instructions will be sent to you in a PM. XMR can be bought with BTC here. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time, as well as loss of reputation and trust rating. Characters in the game are automatically billed the gold from their moneretos account, and they need to take care of the deposit themselves.

HM The King reserves the right to make clarifications.

Note that the thread contains multiple auctions, only one of which is open at a time.

[rpietila]

Auction #8/11: About 4 days left until the auction ends.

Situation currently:

----------------------------------------------------
10,000 @ 0.08 reserve


If the auction would end now, the price would be 0.08 XMR/CKG.

The price in the ingame market for small lots is currently 0.1092/0.0988.

[saddambitcoin]

2000 @ 0.08

[rpietila]

Auction #8/11: About 4 days left until the auction ends.

Situation currently:

2,000 @ 0.08 saddambitcoin
----------------------------------------------------
8,000 @ 0.08 reserve


If the auction would end now, the price would be 0.08 XMR/CKG.

The price in the ingame market for small lots is currently 0.1092/0.0988.

Note to all: It does not make any sense to bid the lowest possible amount. The only thing that it causes to happen is that you miss out more easily. The price in the auction is same for everyone, and it is the highest non-winning bid. This auction method is specially designed to eliminate any benefit from underbidding, and indeed there are none. So please do yourself a favor, consider what is the highest price you are willing to pay, and bid that amount. No need to check back, and you never pay more than the market rate, and are the first in line to receive the gold.

[Karl Hungus]

4000 @ 0.10

[rpietila]

Auction #8/11: About 3 days left until the auction ends.

Situation currently:

4,000 @ 0.10 Karl Hungus
2,000 @ 0.08 saddambitcoin
----------------------------------------------------
4,000 @ 0.08 reserve


If the auction would end now, the price would be 0.08 XMR/CKG.

The price in the ingame market for small lots is currently 0.1092/0.0988.

[djjacket]

1000 @ .08

[rpietila]

Auction #8/11: About 2 hours left until the auction ends.

Situation currently:

4,000 @ 0.10 Karl Hungus
2,000 @ 0.08 saddambitcoin
1,000 @ 0.08 Jacket
----------------------------------------------------
3,000 @ 0.08 reserve


If the auction would end now, the price would be 0.08 XMR/CKG.

[NewLiberty]

3000 @ .09

[kronicblazer]

1000 @ 0.09

[rpietila]

Auction #8/11: About 30 minutes left until the auction ends.

Situation currently:

4,000 @ 0.10 Lord Karl
3,000 @ 0.09 The Marquess of New Liberty
1,000 @ 0.09 kronicblazer
2,000 @ 0.08 saddambitcoin
----------------------------------------------------
1,000 @ 0.08 Jacket


If the auction would end now, the price would be 0.08 XMR/CKG.

[rpietila]

Auction #8/11: Auction has ended.

Situation currently:

4,000 @ 0.10 Lord Karl
3,000 @ 0.09 The Marquess of New Liberty
1,000 @ 0.09 kronicblazer
2,000 @ 0.08 saddambitcoin
----------------------------------------------------
1,000 @ 0.08 Jacket


The price in the auction was 0.08 XMR/CKG. 10,000 gold was sold.

[rpietila]

As part of the HM The King's gold sales, mandated by the rules, 8 lots of 1,000 units of CK gold each, will be offered for auction.

This auction is #9 of the 11 planned.

The bids are to be given in the following format: "quantity @ price (XMR)". For example "2,000 @ 0.15".

The minimum bid is 0.06. No more than 2 decimals.

Auction #1 closed at 0.26 (10,000 gold sold).
Auction #2 closed at 0.23 (11,000 gold sold).
Auction #3 closed at 0.23 (16,000 gold sold).
Auction #4 closed at 0.19 (10,000 gold sold).
Auction #5 closed at 0.15 (3,000 gold sold).
Auction #6 closed at 0.12 (13,000 gold sold).
Auction #7 closed at 0.10 (14,000 gold sold).
Auction #8 closed at 0.08 (10,000 gold sold).


Higher bid wins over lower one, earlier bid wins over later one, and all winners pay the same amount per lot (the price of the highest non-winning bid).

It is possible that the King adds more gold for sale to this auction. Should this happen, some of the bids that have already dropped below the winline may be raised back above the winline. It is therefore possible to cancel bids IFF you make a higher bid for the same or higher amount. The possible canceling of the lower bid must be done simultaneously with the placing of the higher bid.

The right to participate in the auction is limited as follows:
- if it is not legal for you to do so, cannot participate
- negative trust rating, cannot participate
- Full Members or lower, limited to 1 lot
- Senior Members or higher, or existing players of the game, limited to 10 lots.

The winners who are already not characters, will be created characters in the game after they pay for the gold and supply the character stats (age, sex, nick).

Auction closes 9 pm GMT Thursday, BCT server time, or 3 minutes after the last winning bid (in case a winning bid was submitted during the last 3 minutes, the auction lasts as long as there are no new winning bids submitted in 3 minutes since the previous one).

Gold bought in this auction must be paid in 24 hours after receiving the payment instructions in monero (XMR). The payment instructions will be sent to you in a PM. XMR can be bought with BTC here. Non-payment is considered default and results in forfeiture of game assets, or denial to enter the game at a later time, as well as loss of reputation and trust rating. Characters in the game are automatically billed the gold from their moneretos account, and they need to take care of the deposit themselves.

HM The King reserves the right to make clarifications.

[rpietila]

Auction #9/11: About 3 days left until the auction ends.

Situation currently:

----------------------------------------------------
8,000 @ 0.06 reserve


If the auction would end now, the price would be 0.06 XMR/CKG.

The price in the ingame market for small lots is currently 0.0848/0.0752, with the maximum trade of 2,000 gold.


Note to all: It does not make any sense to bid the lowest possible amount. The only thing that it causes to happen is that you miss out more easily. The price in the auction is same for everyone, and it is the highest non-winning bid. This auction method is specially designed to eliminate any benefit from underbidding, and indeed there are none. So please do yourself a favor, consider what is the highest price you are willing to pay, and bid that amount. No need to check back, and you never pay more than the market rate, and are the first in line to receive the gold.

[saddambitcoin]

2,000 @ 0.06

[rpietila]

Auction #9/11: About 3 days left until the auction ends.

Situation currently:

2,000 @ 0.06  Master Saddam
----------------------------------------------------
6,000 @ 0.06 reserve


If the auction would end now, the price would be 0.06 XMR/CKG.

The price in the ingame market for small lots is currently 0.0848/0.0752, with the maximum trade of 2,000 gold.

[rpietila]

Auction #9/11: About 2 days left until the auction ends.

Situation currently:

1,000 @ 0.07  medusa13
2,000 @ 0.06  Master Saddam
----------------------------------------------------
5,000 @ 0.06 reserve


If the auction would end now, the price would be 0.06 XMR/CKG.

The price in the ingame market for small lots is currently 0.0848/0.0752, with the maximum trade of 2,000 gold.

[rpietila]

Auction #9/11: About 1 day left until the auction ends.

Situation currently:

1,000 @ 0.07  medusa13
2,000 @ 0.06  Master Saddam
----------------------------------------------------
5,000 @ 0.06 reserve


If the auction would end now, the price would be 0.06 XMR/CKG.

The price in the ingame market for small lots is currently 0.0795/0.0705, with the maximum trade of 2,000 gold.

[djjacket]

2000@.07

[rpietila]

Auction #9/11: About 1 day left until the auction ends.

Situation currently:

1,000 @ 0.07  medusa13
2,000 @ 0.07  Master Jacket
2,000 @ 0.06  Master Saddam
----------------------------------------------------
3,000 @ 0.06 reserve


If the auction would end now, the price would be 0.06 XMR/CKG.

The price in the ingame market is currently 0.0795/0.0705, with the maximum trade of 2,000 gold.